Dee McErlain - Coldwell Banker Hearthside
1303 Dekalb St
NORRISTOWN, PA 19401

$140,000

Description

This unique, twin, residential income-producing property is for sale in AS IS condition and priced to sell. (Buyer is responsible for obtaining municipality U&O inspection and satisfying requirements for certification.) Located on a major one-way road through town (Rt 202 North) with ample parking. Desirable section of town that is on the rise with recent street beautification and new construction homes being built now, some recently completed and sold. All 6 units are currently rented out. Some are Section 8, which provide guaranteed income. Units are well maintained and cared for, though some repairs may be needed. Units are as follows: first floor has 3 single rooms on one hall that share a bathroom; each room also has its own entrance from the outside. These rooms get about $100/mo each in rent. Second floor has one 1-bed/1-bath apartment with an interior entrance and a large deck, for $600/mo. These first and second floor units share utilities, mechanicals are in the basement with accessibly through Bilco doors on side of house. The third floor is also a 1-bed/1-bath apt, also with an interior entrance and a rear door to a fire escape; it has its own heat/hot water/electric panel on the third floor and currently yields $780/mo. The sixth rental unit is a two-car detached garage, with vehicular access by way of the alley behind the house, has electricity and is rented out for $275/mo. Call LA for more information and to make an appointment to see this great investment opportunity.

Details

MLS#1009990600
StyleIndustrial
Sub-TypeResale
StatusActive
Year1900
Days On Site56

Features

SQ Feet3,900
Story(s)0
ZoningHC

Market Activity 19401

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Area Information

StatePA
CityNORRISTOWN
Zip Code19401
AreaNorristown Boro (10613)
Listing VS Median (in 19401)
Price:
$140,000
low | high
Med:
$158,000
37.142857142857% of Average
SqFt:
3,900
low | high
Med:
1,310
100% of Average
$ / SqFt:
$36
low | high
Med:
$121
100% of Average
On Site:
56
low | high
Med:
156
35.897435897436% of Average
Listing Updated: 12/18/2018
MLS Number: 1009990600
Listing Provided By:
John E Gambino  of  RE MAX Services

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